RBI/2013-14/288
RPCD.CO.RRB.RCB.No.40/03.05.33/2013-14

September 20, 2013

All Scheduled State Cooperative Banks/
Regional Rural Banks

Dear Sir,

Section 42(1) of the Reserve Bank of India Act, 1934 – Change in
Daily Minimum Cash Reserve Maintenance Requirement

Please refer to our Circular RPCD.CO.RRB.No.16/03.05.33/2013-14 dated July 24, 2013 on the captioned subject.

2. As announced in the Press Release 2013-14/604 dated September 20, 2013, it has been decided to reduce the minimum daily maintenance of the Cash Reserve Ratio from 99 per cent of the requirement to 95 per cent effective from the fortnight beginning September 21, 2013.

Yours faithfully,

(A.Udgata)
Principal Chief General Manager